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A TWO-SPEED ECONOMY IN EMERGING ASIA
March 15, 2013
SINGAPORE - Emerging Asia is experiencing its own two-speed economy, according to a quarterly research report by ANZ Bank. “The real sector is recovering only modestly - trade growth has lifted, as China and the US recoveries gain traction, but trade with Emerging Asia's largest trading partner, Europe, continues to contract,” the report says. “Meanwhile, the financial sector has seen strong inflows from the major economies over the last few months.